Grainger to fund £62m London development

Residential landlord Grainger on Tuesday said it had agreed to forward fund a 146-home private rental development with around 12,500 square feet of commercial space, in the Hallsville Quarter Development at London's Canning Town, London for £62m.

Grainger said it expected the investment to generate a gross yield on cost of 5.5% once stabilised, with completion expected in late 2022.